what are the solutions, what could help from the models, what improve the picture? this help from the models, what improve the picture? the picture? this model has given us more detail the picture? this model has given us more detail than the picture? this model has given us more detail than we the picture? this model has given us more detail than we had the picture? this model has given us more detailthan we had before, - the picture? this model has given us more detail than we had before, we | more detail than we had before, we know a lot more about where the risk is increasing most and what that increase looks like under different climate scenarios. so they tell us two things. firstly, that we need to double down on effort to reduce global carbon emissions and that s notjust global carbon emissions and that s not just the global carbon emissions and that s notjust the uk, as all countries on the planet. the total risk increase in the uk is modest, but even so, it still conce
asylum seekers who arrive via an irregular route. we need to ensure that we fix this problem of illegal migration. i that s my priority. and as the prime minister himselfl has said, he ll do whatever it takes to achieve that goal. we ve had 45,000 people last year arrive here i illegally on small boats. that situation is unacceptable. we need to design. a robust framework. we need to have a deterrent so people stop making i the journey in the first place. well, it s notjust the uk which is a destination for asylum seekers. let s take a brief look at the figures for the european union: almost a million applied for international protection in the 27 countries that make up the eu, plus norway and switzerland, in 2022. that s up 50% from the previous year. the figure doesn t include the more than four million ukrainian refugees granted temporary protection in the eu. joining me is jacqueline mckenzie, partner and head of immigration law at leigh day solicitors.
is difficult to say, on the one hand bank of england is no longer in the market, buying, which could raise the risk of it happening, but on the other hand there is a plan in place or they will be a plan in place in the next two weeks. and if the markets by that then of course they will start to see potentially borrowing costs fall. but it is very uncertain at the moment as to how they will interpret that. find at the moment as to how they will interpret that. will interpret that. and your take on the will interpret that. and your take on the outlook- will interpret that. and your take on the outlook for- will interpret that. and your take on the outlook for the | will interpret that. and your i take on the outlook for the uk canal, a reporter before you, aligning that level of debt, what will be required from new chancellor on october 31 in terms of reassurance. what is your outlook for the uk economy? your outlook for the uk economy? your outlook for the uk econom ? ., , , , econ
call quantitative tightening, the bank of england starting to sell that government debt. that is what liz truss wanted to happen. the problem is that at the same time we had a mini maxi budget, at the same time we have concerns about political chaos in the uk, and we have concerns about global inflation and the need to raise interest rates, so all of that is causing the bank of england having problems reversing that big quantitative easing policy. and that s notjust the uk, it is america and europe and everywhere. so it is a much bigger picture. unfortunately the mini maxi budget definitely made it worse, and with interest rates on government 30 year debt approaching 5%, then that is going to have a real impact in the economy, both as we have seen already mortgage costs, but also a large company borrowing costs are going to go up massively, and that
that the imf is trying to get that warning out to other countries, do not follow suit, then you have borrowing costs in the us and uk rising, energy prices and gas prices going up, your thoughts? your thoughts? thank you for havin: your thoughts? thank you for having me- your thoughts? thank you for having me. markets - your thoughts? thank you for having me. markets are - your thoughts? thank you for having me. markets are not l having me. markets are not having me. markets are not having a good time at the moment because the key thing that we are observing is the record rise in global government borrowing costs so thatis government borrowing costs so that is a function of higher interest rates that is put up by central banks all around the world, notjust the uk and the us, but the euro area and many other economies, and that puts pressure on households and businesses and accordingly markets are worried about impending recession, and we are talking about a synchronised recession po